Blogs

Massive miss on sales This is a record one-month loss, doubling the worst month of 2008. For bank trade ideas, check out eFX Plus

Job openings data I don't understand why the estimate was so high so this Who was hiring in April? Anyway, Reuters had the consensus at 5000K, so credit to whoever they were surveying.

What a fiasco One of the reasons the bulls got so excited yesterday about the reopening trade was a comment from Dr. Maria Van Kerkhove, head of WHO's emerging diseases and zoonosis unit.

AUD, CAD and NZD tick higher There's a similar story in all the commodity currencies. I don't know if this is a buy-the-dips trade in risk assets or a dollar slump.

Who will blink first? S&P 500 futures are down 30 points to 3196 after yesterday's 38 point gain. There's a high (and justified) amount of derision for the people who are buying bankrupt or near-bankrupt company stocks. There's also some Fed jitters creeping in.

The chart is a different look from the norm You don't have to look through too many stock charts to find many versions of the inverse of this. Time-and-time again, we see these wedge patterns at the bottom and many of them a breaking out. However most of them are breaking higher, or signaling that […]

What's moving the market A lot of talk about positioning ahead of Wednesday's FOMC event risk. There has been a clear shakeup in the currency market on Tuesday, with a round of profit taking kicking in after some extended runs, and the excuse to book profit is definitely there with the Fed decision due tomorrow. 

A sign of things to come? WTI crude oil is now up fractionally on the day at $38.21 after falling as low as $37.07. Crude has been a volatile trade this week after OPEC extended cuts for another month. That was largely baked in but new production from Libya and talk of the US shale […]

via Reuters I came across this article on Reuters and it captures something that many of us instinctively feel – consumers are changing. The question is, will it be a permanent change?

Profit taking, FOMC event and poor German trade data hit risk Markets The session started very similarly to yesterday as it was another quiet data front. However, the risk tone tilted off at the start of the session and slid quite quickly after .This was the worst decline since 1990 and shows how hard it […]